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Grasim to acquire Soktas India

India, March 22 -- Grasim Industries Limited has signed a definitive agreement to acquire 100 per cent equity shareholding of Soktas India Private Limited (SIPL) for an enterprise value of Rs 165 cror... Read More


SIMA welcomes reduction in hank yarn obligation

India, March 22 -- The Hank Yarn Obligation Scheme (HYO) was introduced during 1963 directing the mills to pack 50 per cent of domestic weaving yarn delivery in hank form. The hank yarn obligation wou... Read More


GHCL's new range is made from recycled polyester

India, March 22 -- The Gujarat Heavy Chemicals Limited (GHCL) is all set to launch a range of home textiles products based on health and wellness. RS Jalan, Managing Director, GHCL, said that the comp... Read More


Yarn Expo Spring opens tomorrow

India, March 22 -- Yarn Expo Spring 2019 opens tomorrow, inviting 468 exhibitors from 12 countries and regions, including new exhibitors from Egypt and France, to capture the potential of the yarn and... Read More


Tax refunds to boost textile exports

India, March 22 -- The textile industry expects exports to increase with the government extending refund of State and Central taxes on shipments of apparels and made-up goods. The Cabinet approved th... Read More


Birla Cellulose's Salem meet focuses on sarees

India, March 22 -- As a part of their industry initiative, Liva from Birla Cellulose conducted a hub meet at Salem focusing on saree category. A key textile centre, Salem is known for yarn-dyed produc... Read More


Nobel laureate sees no recession in sight

India, March 22 -- Times are good and getting better, economically. Professor Edward Prescott, Nobel laureate in economics (Nobel Memorial Prize in Economic Sciences) who is the co-recipient in 2004, ... Read More


Bext360, a new initiative for organic cotton

India, March 22 -- The Blockchain startup Bext360 has decided to partner with multiple tech companies for testing if the blockchain can be used for using the organic cotton supply chain. "We've develo... Read More


Dibella reforests in India

India, March 22 -- With the Dibella reforestation project in India, the company is realising its declared climate goals and enabling third parties to take advantage of carbon dioxide (CO2) compensatio... Read More


Oerlikon presents expanded nonwovens portfolio

India, March 22 -- Oerlikon presented its complete nonwoven plant portfolio for the production of airlaid, meltblown, spunbonded and hybrid materials at this year's IDEA in Miami from 25-28 March. The... Read More